Investor funded $50M at closing
Company: Applied Digital
The claim, verbatim
The investor funded $50 million at closing and received 53,191 shares of convertible preferred stock, with 3,191 shares representing a six percent original issue discount.
Source (primary)
applied-digital 8-K exhibit (ex991apld-yaxprojectsupern.htm) (SEC EDGAR (8-K Ex), press_release)
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Quote: “The Investor has funded $50 million at closing and received 53,191 shares of the convertible preferred stock, with 3,191 of such shares representing a six percent original discount”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (ex991apld-yaxprojectsupern.htm)
Quote: “The Investor has funded $50 million at closing and received 53,191 shares of the convertible preferred stock, with 3,191 of such shares representing a six percent original discount”